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Buying A Wooden Restoration Project Boat
How to find that perfect wooden boat restoration project. There are essential justthree simple steps to follow in order to obtain the a desirable brand and make ofwooden boat at a discount to market price. Things to consider, for instance withinthe contentnental United States the value of money varies greatly. Where a job paying$16 an hour in the midwest would be a respectable job, this same wage on the westcoast would barely support living conditions. Some key areas of the country to targetfor boats in general is the midwest region surrounding the great lakes. Typically boatsare always going to be cheaper within this region then they would be in on the eastor west coast. Noteably though the size of the vessel your looking for might not beavailable in these regions as ocean fairing vessels will be larger.
What are the three main considerations for finding a good wooden boat restorationproject, outside of boat condition, which might be a plus that is covered in anotherarticle. The three considerations to be made are as follows, what proximity to homedoes the restoration process have to be, finding the obscure gems, finding the unlistedgems.
What proximity to home does the project have to be, well the reason this comes up isthe first topic referenced to above. Certain areas of the country will value assets atdifferent prices, a $100,000 boat in the midwest may sell for $200,000 or more on theeast and west coast. So if you have the time to work on a wooden boat restoration projectwithin different regions of the country this might be the easiest way to save considerable money acquiring the boat of choice. Unfortunately for most of us this is not an option as weare unable to spend extended times away from home due to work or other issues. It still maybe cheaper to purchase the boat and actually pay to have it moved, if the cost of theboat is $100,000 less in this region that means you can certainly cover the cost ofmoving the boat and still have saved considerably.
If looking in different regions on the country are not really an option then there aretwo more techniques that are very usefull. One looking obscure regions, within a tightgeographical region prices are going to be the most expensive in metropolitan areas andclose proximity of harbors. Starting the search within the interior may lead to savingsas these boats are easily over looked. Especially wooden boat restoration projects, beingthat they are in the interior regions they are ussually equipped to be moved. That meansyou won't be stuck at some marina working on the boat. It would be considerably easierto tow the boat home and be able to work on it.
Looking in places outside of the harbors is ussually the best way to find that low costwooden boat restoration project; however, it is still important to check with the marinas.Every year people decide to undertake a restoration project or let a wooden boat sit toolong. Many people find that they either get tired of the maintanance of wooden boat or thatthey are no longer interested in the restoration process. The biggest hinderance to restoration project can be the storage cost of leaving it a marina, infact many timesthese storage cost are more the capital spent on the boat. These leads to the abandonmentof many boats, instead of paying the storage fees they owner opts to desert the boat andrelinquish claim to it. The marinas are not interested in owning a project boat and are willing to get rid of at a extremely discounted rate in order to recoup the monies previouslyowed to them.
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